v3.25.4
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

 

5. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
   ($ in thousands) 
Computer equipment  $6,843   $5,963 
Aircraft   1,347    - 
Office furniture and equipment   2,950    2,342 
Transportation equipment   1,833    1,185 
Leasehold improvements   8,002    6,358 
Assets not placed in service   -    164 
Total property and equipment   20,975    16,012 
Less accumulated depreciation   (13,200)   (10,722)
Property and equipment – net  $7,775   $5,290 

 

Depreciation expense was approximately $2.5 million and $2.0 million for the years ended December 31, 2025 and 2024, respectively.

 

We reviewed our property and equipment for impairment. We determined that the fair value of these assets exceeded their carrying value and that there was no impairment. There were no triggering events during the years ended December 31, 2025 and 2024.